LAWRENCEVILLE, Ga. — After four weeks of living below 0.37%, the depreciation rate for the truck segment reached its highest level in February — and its second-highest this year — last week, according to Black Book’s Feb. 27 Market Insights report.
Volume-weighted, wholesale values for the truck segment fell by 0.48% last week, compared to 0.27% the week before. Depreciation was highest for minivans, compact luxury crossover/SUVs, and full-size vans, with their values declining 0.72%, 0.69%, and 0.63%, respectively.
Alternatively, the subcompact crossover, subcompact luxury crossover, and compact van segments showed pricing strength, with wholesale values increasing 0.42%, 0.10%, and 0.07%, respectively.
“Small cars and crossovers performed the best among all segments last week, driven by higher interest from tax season buyers,” said Anil Goyal, senior vice president of Automotive Valuation and Analytics.
Volume-weighted, overall car segment values declined by 0.54% last week, compared to 0.46% in the previous week.
Subcompact, compact, and mid-size cars recorded the lowest depreciation rates among all car segments, with values declining by 0.23%, 0.23%, and 0.22%, respectively. Luxury and prestige luxury cars continued to struggle, registering the highest depreciation rates among all vehicle segments at 0.80% and 0.91%, respectively.